Presentations matter for CEO candidates

first_imgHere’s the good news: The message embodied in you will be expressed whatever the modality or context—written format, verbal conversation, presentation or interview. You can speak coherently to what you deeply understand and have experienced. For instance, if you were asked questions about your expertise and career history, you’d likely be able to answer to a satisfying degree what jobs you’ve had, what actions you took, and what impacts you had on members, colleagues and staff.Here’s the bad news: What is not deeply understood, researched or vetted is not embodied. If you do not have a level of familiarity with a topic, your lack of expertise, knowledge or vision will show up, especially in pressure situations. If you have not done your homework to an excruciating level, that lack of preparation can manifest as confusing, even conflicting, or—worst case—incoherent assessments and declarations for the future.The higher you go up the leadership ladder, the more preparation matters. If you are getting ready for a CEO interview, glancing at the credit union’s call report and looking over peer-to-peer ratios are just a starting point. You need to connect the dots between the financials, operations, culture, competitors and marketplace. Look beyond the surface-level variables and ponder such fundamental questions as, “What are we trying to keep about our culture today (that drives our performance) that may need to shift in the future?” or “What’s the role of the evolving role of the board in the future to ensure we stay successful?” continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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Jokowi asks for prioritization of state spending on domestic products in Q3

first_imgPresident Joko “Jokowi” Widodo reiterated his instruction to the Cabinet members to accelerate government spending to restore the national economy, asking them to prioritize spending on domestic products in the third quarter of 2020.“We should put the brakes on spending overseas. Buy, shop and get our own products, so it can trigger the economy and spur our growth,” the President said in a limited Cabinet meeting at the State Palace in Jakarta on Tuesday.Jokowi said as an example that the Defense Ministry should prioritize spending in state-owned companies such as aircraft manufacturer PT Dirgantara Indonesia, weapons manufacturer Pindad and shipbuilder PT PAL Indonesia.He said Indonesia was now able to produce much of the medical equipment needed to handle COVID-19 domestically, including medical substances, polymerase chain reaction (PCR) test kits, rapid test kits and personal protective equipment (PPE).Read also: Work faster, think smarter, Jokowi tells Cabinet“Don’t spend anything outside, let alone masks, which we produce a lot of. We produce 17 million units of PPE per month, compared to 4 to 5 million units that we actually use,” Jokowi said.The President hoped his Cabinet could accelerate state spending with simpler procedures, especially those with big budgets, such as the Defense Ministry, the Social Affairs Ministry and the National Police.“I am now monitoring ministries’ spending on a daily basis — by what percentage it increases. The third quarter is key. Once it can leverage the growth, the fourth quarter will be easier and next year will also be easier,” he said.Closing his instruction, the President reminded his Cabinet to work above and beyond to meet the needs of the wider community, stressing that distribution of stimulus packages must be accelerated.“Don’t assume that we are in a mediocre situation. I see that social assistance has been good, but economic stimulus to both small-to-medium and big businesses and that in the health sector need to be improved,” he said.Topics :last_img read more

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Fund managers must improve ‘underdeveloped’ RI reporting framework

first_imgHe said it was important fund managers offered explanations of how they approached their portfolio, noting that it would allow a manager to argue that ESG was not “material” to certain firms’ value or growth.“We would really welcome that type of candid conversation, and we are interested in the insight the portfolio managers have,” Ingram said.“We are happy for them to demonstrate that they’ve really gone through a process of introspection, of reflection, around what is responsible investment for their portfolio.”Leanne Clements, one of the guide’s deputy editors and responsible investment officer at the £10bn West Midlands Pension Fund, said that, in the fund’s view, there was a need for “broad improvements” in reporting across the fund management industry.“This is what makes that alignment of UK asset owners totalling over £200bn so important – we need to send a signal to the market, not just select individual managers,” she said.“There has been some positive direction of travel with regards to climate change and other environmental issues in select managers – and also governance issues. However, social issues appear to be less understood.”Alongside Clements, the Environment Agency Pension Fund’s chief responsible investment and risk officer Faith Ward, and Karianne Lancee, sustainability manager at the Unilever UK pension fund, also acted as deputy editors of the guide.Its release was welcomed by the Financial Reporting Council (FRC), the regulator responsible for the UK Stewardship Code, and the BTPS-owned Hermes Investment Management.David Styles, the FRC’s director of corporate governance, said it would provide a “useful framework” for discussion between asset owners and managers.“The FRC welcomes this initiative to increase the level of accountability through the investment chain and encourages owners and managers to work together to improve the standard of reporting on responsible investment,” he said.Hermes chief executive Saker Nusseibeh added that companies with strong governance and “astute” management of ESG risks – including emissions controls and labour rights – provided better long-term value.For more on RI disclosure, read about the Environment Agency Pension Fund’s work establishing an evergreen mandate,WebsitesWe are not responsible for the content of external sitesLink to Guide on RI investing in public equity Fund managers are currently only offering clients an underdeveloped responsible investment (RI) reporting framework and must improve how they assess the social impact of investments, according to a coalition of UK pension funds.Over a dozen schemes with £200bn (€267bn) in assets – including the BT Pension Scheme (BTPS), Universities Superannuation Scheme and Pension Protection Fund – argued that improved reporting and disclosure on public equity investments would help asset owners better assess how well RI matters were aligned with the fund manager’s strategy.It identified two main principles – of transparent integration of environmental, social and governance (ESG) factors and of good stewardship – as key, and added that only “explicit” reporting would allow schemes to gain a better understanding of how such issues impacted short and long-term risk and performance.Daniel Ingram, the guide’s lead author and head of RI at BT Pension Scheme Management, told IPE reporting was the “missing link” to allow asset owners to make the case for ESG-focused investment.last_img read more

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Tate Martell lost the starting QB job at Miami and college football fans have jokes

first_img“All three guys showed tremendous improvement and development, which is a credit to their hard work and the work of Dan Enos and his offensive staff. We believe we can win with all three guys, however, we feel like Jarren has the greatest upside due to his passing ability, his instincts and his determination,” Diaz said about the move, via Miami’s official website. “As we move into preparation for the Florida game we will continue the competition to determine who will serve as the backup quarterback.”MORE: SN’s preseason Top 25 rankingsMartell, a five-star recruit coming out of high school in 2017, transferred to Miami this offseason after leaving Ohio State. Justin Fields announced his intention to transfer to Ohio State in January, and Martell entered the transfer portal shortly after.Initially, Martell would have had to sit out a year after transferring. But he filed for a hardship waiver in order to be immediately eligible. He was granted a waiver by the NCAA in March, and became eligible to play in 2019. But obviously with Monday’s news, he may not get a chance to play due to not earning the starting job.Shortly after the news was announced, college football fans reacted on social media. Martell has a strong personality and has developed a bit of a polarizing reputation among fans. One example is when he sent a subtweet to Fields as the QB was pondering a transfer to Ohio— Bud Elliott (@BudElliott3) August 12, 2019Clearly that tweet didn’t age well.And when Martell lost the starting job after transferring, fans started in with even more jokes. Tate Martell do you have any comments on the starting QB announcement?— Joshua Reynolds (@joshjreynolds) August 12, 2019As for the actual starting quarterback at Miami, Williams should provide an interesting spark. He’s a dual-threat quarterback who played briefly last season in a 77-0 blowout against Savannah State. “This is something that I’ve always strived for growing up,” Williams said. “It’s been my dream since I was a kid. When I was six years old, I used to sit in front of the TV and watch Michael Vick play. That’s a dream I have always had and I’ve strived for it. Having the opportunity to lead this team is the opportunity of a lifetime and I am going to take full advantage of it.”Miami opens its season Aug. 24 against Florida. Tate Martell will not be the starting quarterback at Miami to start the season, the team announced Monday.Coach Manny Diaz said redshirt freshman Jarren Williams will start for the Hurricanes instead.last_img read more

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